Paper Title
Fake Product Identification Using Blockchain
Article Identifiers
: Authors
Keywords
Counterfeit(Fake) product, QR code, Blockchain, Supply Chain, Transaction history,Etherum
Abstract
The challenges in supply chain management, including service redundancy, poor coordination, and lack of standardization due to transparency issues, pose significant obstacles to various industries. Counterfeiting, a prevalent threat, undermines legitimate businesses and consumer trust. A promising solution to this problem is the integration of blockchain technology, offering a decentralized and immutable framework for product tracking. By assigning unique identifiers recorded on the blockchain at each supply chain stage, transparency is enhanced, and counterfeit detection becomes more feasible. Blockchain's decentralized nature ensures tamper-resistant records accessible to all stakeholders, fostering collaboration and trust. Despite potential challenges like setup costs and infrastructure integration, the benefits of improved counterfeit detection and supply chain transparency justify further exploration and refinement of blockchain-based solutions.
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How To Cite (APA)
Yuvanshankar Kannan, M.Krishnraj, Vigneshwaran.R, & Kabil.S (May-2024). Fake Product Identification Using Blockchain. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(5), d25-d31. https://ijnrd.org/papers/IJNRD2405305.pdf
Issue
Volume 9 Issue 5, May-2024
Pages : d25-d31
Other Publication Details
Paper Reg. ID: IJNRD_220775
Published Paper Id: IJNRD2405305
Downloads: 000122026
Research Area: Engineering
Author Type: Indian Author
Country: CHENNAI, TAMIL NADU, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2405305.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2405305
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